The analysis study provides a close read of current and future trends and opportunities in the worldwide global market. It highlights key product overviews and market segments of the global market. The broad assessment of fragments provided in the report will assist you with coordinating your ventures, methodologies, and groups. This Industrial Robotics Market research report highlights the vast market players growing in the market; it helps to understand their business approaches, economic position, and product outlook. The coconut oil market is divided based on region, with a comprehensive breakdown of each area. These regions include North America, Europe, Asia Pacific, and RoW (Middle East and Africa).
Industrial Robotics Market is segmented by Type of Robot (Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, SCARA Robots), End-user Industry (Automotive, Chemical and Manufacturing, Construction, Electrical and Electronics, Food and Beverage, Machinery and Metal, Pharmaceutical), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Industrial Robotics Market Overview
The global industrial robotics market size is projected to reach a CAGR of 13.3% from 2021 to 2028.
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An industrial robot is a robot system used for manufacturing. Industrial robots are automated, programmable, and capable of movement on three or more axes. Typical applications of robots include welding, painting, assembly, picking and placing for printed security boards, packing and labeling, palletizing, product inspection, and testing, all accomplished with high endurance, speed, and precision.
The growing adoption of automation in the automotive manufacturing process and the involvement of digitization and AI are some of the factors that have supported the long-term expansion of the Industrial Robotics Market.
Regional Analysis of The Industrial Robotics Market
APAC to hold the largest share of the market for traditional industrial robots in 2021 both in terms of value and volume. This can be attributed to the increasing labor costs in APAC that are forcing manufacturers to automate manufacturing processes to maintain their cost advantage.
Industrial Robotics Market Competitive Landscape
· ABB Ltd.
· Yaskawa Electric Corporation
· Denso Corporation
· Fanuc Corporation
· KUKA AG
Recent Developments in The Industrial Robotics Market
In October 2020, ABB announced the acquisition of Codian Robotics (Netherlands), a leading provider of delta robots used primarily for high-precision pick and place applications. Codian Robotics offering includes a hygienic design line, ideal for hygiene-sensitive industries including food and beverage and pharmaceuticals. With the acquisition, ABB is expected to increase its delta robot offerings.
In September 2020, KUKA(Germany) announced its new SCARA robots under the KR SCARA line-up that excel in applications like in small parts assembly, materials handling and inspection tasks with a payload of 6 kg. The robots will be mainly offered to cost sensitive markets.
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Reasons to Acquire Industrial Robotics Market
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In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Industrial Robotics Market is segmented into type, component, payload, application industry and region.
On the basis of Type
· Traditional Industrial Robots
· Articulated Robots
· SCARA Robots
· Parallel/Delta Robots
· Cartesian/Linear/Gantry Robots
· Other Robots (Cylindrical robots, Spherical robots, and Swing-arm robots)
· Collaborative Robots
On the basis of Component
· Robotic Arms
· Robot Accessories
· End Effectors
· Controllers
· Drive Units
· Vision Systems
· Sensors
· Power Supply
· Others
· Additional Hardware (Safety fencing, fixtures, conveyors, etc.)
· System Engineering
· Software & Programming
On the basis of Payload
· Up to 16.00 kg
· 16.01–60.00 kg
· 60.01–225.00 kg
· More than 225.00 kg
On the basis of Application
· Handling
· Assembling and Disassembling
· Welding and Soldering
· Dispensing
· Processing
· Others (Inspection & quality-testing and die-casting & molding)
On the basis of Industry
· Handling
· Automotive
· Electrical and Electronics
· Metals and Machinery
· Plastics, Rubber, and Chemicals
· Food and Beverages
· Precision Engineering and Optics
· Pharmaceuticals and Cosmetics
· Others (Paper and printing, foundry and forging, ceramics and stone, and wood)
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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